Nuvech Solutions Ltd

Nuvech Solutions Ltd, based in Leyburn, UK, is a small, family-run business with an active status, established seven years ago. Employing just two people, the company holds £277,559 in assets and operates from a virtual address, registered at a location shared by nineteen other companies. Two directors and two owners manage the operation. The company imports machinery, boilers, and mechanical appliances, albeit irregularly, with the last import activity occurring over a year ago. Conversely, it regularly exports vehicles, parts, and accessories (excluding trains and trams), with the last export recorded several months ago.

The company's core business revolves around its innovative AirBar safety device, marketed through its website, Nuvech AirBar. The site highlights the device's ability to protect lives around working vehicles, emphasizing its award-winning design and safety benefits. It caters to a global audience, seeking distributors and showcasing applications in various industries. The website also features testimonials from satisfied customers, reinforcing the product’s value and effectiveness.

Financially, Nuvech Solutions Ltd presents a mixed picture. While cash reserves have significantly decreased by 61% to £33,000, current assets have increased by 49% to £280,000. Trade debtors have surged by a substantial 160%, which could indicate increased sales but also potential challenges in collecting payments. Equity, however, has seen a dramatic improvement, jumping by 690% to £96,000 – a positive sign of financial recovery. Bank borrowings have also decreased, falling by 18% to £16,000. The company’s small size (meeting two of three criteria for being small) allows for agility, but the fluctuating debtor levels warrant close monitoring. No auditor is mentioned, likely due to the company’s exemption as a small entity. Overall, Nuvech Solutions Ltd appears to be navigating a period of change, with a focus on expanding its AirBar distribution network and maintaining its reputation for safety innovation.

Registered in England/Wales under the registration number 11091975, with a registered address at DL8 5AB, England, Leyburn, Thornborough Hall, Moor Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.